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“Smart money” tracking covers two related questions: what are notable wallets doing and what does aggregate wallet activity tell us about the market. Peak supports both, with Commands designed for wallet-level and cohort-level analysis. This guide outlines a practical approach to both.

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Two angles on the same problem

Wallet-level activity

Track specific wallets — known whales, fund addresses, smart-money cohorts — and analyze their behavior individually.

Aggregate flow analysis

Examine flows across many wallets to identify trends — accumulation, distribution, rotation.

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Aggregate flow analysis

For most users, aggregate flow data is the higher-signal starting point. It surfaces patterns without requiring you to identify specific wallets first.

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CEX flows — CX Whale Tracker (CWT)

CX Whale Tracker (CWT) ↗ is scoped to a Token Object and shows CEX inflows and outflows. Large net inflows can indicate distribution pressure; large net outflows can indicate accumulation moving to self-custody or DeFi. What to look for:
  • Net flow direction and magnitude
  • Trend changes — sustained outflows turning to inflows
  • Spikes during specific events (listings, unlocks, news)

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DEX trader behavior — DX Trader Analysis (DXT)

DX Trader Analysis (DXT) ↗ examines DEX-side trader behavior for a Token. Useful for identifying patterns in on-chain trading activity that may precede broader moves.

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DEX-level user analysis — DEX User Analysis (DUA)

For protocol-level analysis (rather than token-level), DEX User Analysis (DUA) ↗ on a Protocol Object examines trader behavior at the venue level.

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Wallet-level analysis

When you have identified specific wallets worth tracking, the Wallet Object is the entry point. Each wallet Object provides views into that wallet’s holdings, history, and activity. A typical wallet investigation:
1

Open the Wallet Object

Enter the wallet address into the search bar.
2

Review holdings and recent activity

Examine current positions and recent transactions.
3

Cross-reference to tokens of interest

Click through to any tokens the wallet is actively trading.
4

Add to a watchlist for ongoing tracking

Wallet watchlists let you monitor multiple addresses together.

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Combining the two

The strongest signal often comes from combining wallet-level and aggregate analysis. For example:
  • Aggregate CWT shows sustained CEX outflows for a token.
  • Wallet-level analysis identifies several large wallets accumulating off-exchange.
  • Ownership (OWN) ↗ confirms concentration is increasing at the top of the holder distribution.
Three views, one consistent story. Peak’s cross-references are designed to make this kind of triangulation fast.

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Setting up ongoing tracking

For ongoing smart-money monitoring:
  • Build a wallet watchlist for the addresses you track most closely.
  • Set alerts on token-level flow conditions (CWT-based alerts) for tokens material to your portfolio.
  • Schedule periodic reviews of aggregate flow data for sector tokens.

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Commands referenced

CommandPurpose
CWTCX Whale Tracker — CEX inflows and outflows for a Token
DXTDX Trader Analysis — DEX trader behavior for a Token
DUADEX User Analysis — DEX trader analysis at the Protocol level
OWNOwnership — holder concentration for a Token

For Research Analysts

How analysts integrate flow data into broader research.

Portfolio & Watchlist Setup

Practical patterns for organizing positions and watchlists in Peak.